SBF sentenced, Worldcoin hit with one other ban order and massive web3 pre-seed rounds are again

Welcome to starcrypto Crypto, previously referred to as Chain Response.

That is the final version of this text. I need to personally thank every of you for studying this and if you need to remain in contact, you’ll be able to observe me on X right here for future updates.

With that mentioned, the present goes on. This week, Sam Bankman-Fried, the previous FTX CEO who was discovered responsible on seven counts associated to cash laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces one other ban in Europe and extra.

Particulars beneath.

This week in web3

1. Sam Bankman-Fried will get 25 years in jail for fraud and money-laundering at FTX
2. Web3 funding agency Borderless Capital acquires CTF Capital to carry AI and quant experience
3. Worldcoin hit with one other ban order in Europe citing dangers to youngsters
4. A brand new web3 community is being constructed proper now that wishes to finish Huge Tech’s management of your knowledge
5. 0G Labs launches with whopping $35M pre-seed to construct a modular AI blockchain

Crunching numbers

This week the crypto market costs had been a bit extra chipper, with the highest cryptocurrencies being inexperienced on the week.

Bitcoin was up 7.4% on the week, round $71,300 on the time of publication. The second-largest crypto, ether, elevated 2.6% on the week to $3,550, in accordance with CoinMarketCap knowledge. The overall crypto market cap elevated 6.4% throughout the identical timeframe to $2.67 trillion.

The newest pod

Chain Response is doing a month-to-month collection diving into totally different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.

For this week’s episode, I interviewed Scott Dykstra, CTO and co-founder of Area and Time.

Earlier than diving into web3, Scott spent virtually eight years on the cloud analytics and knowledge platform Teradata the place he held roles of senior architect, director of cloud options and labored his manner as much as VP of the agency’s international cloud.

As for Area and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized knowledge warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a couple of piece of information, with out revealing the origin knowledge itself.

Area and Time has listed knowledge each off-chain and on-chain from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei and Aptos and is including assist for extra chains to energy the way forward for AI x blockchain.

This episode is wrapping up Chain Response’s month-to-month collection diving into totally different matters and themes in crypto. This month’s targeted on blockchain and AI integrations.

Scott and I talk about Area and Time’s origin story, how knowledge warehouses work in Internet 2.0 versus web3 and the significance of information transparency.

We additionally dive into:

• Blockchain and AI potential
• Its OpenAI and blockchain knowledge developments
• Future use circumstances for knowledge and on-chain AI
• Recommendation all through the bull and bear markets

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform, and please go away us a assessment in the event you like what you hear!

Observe the cash

1. web3 gaming-focused startup Illuvium raised $12 million in a Sequence A spherical to develop its choices
2. Avalanche-based Gunzilla raised $30 million to assist launch its new recreation, Off The Grid
3. OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused knowledge layer
4. Reya Community raised $10 million for its trading-centric modular layer-2 blockchain
5. Crypto-powered on-line on line casino MyPrize raised $13 million

This record was compiled with data from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on starcrypto that caught our consideration this week.

1. Liquid Loss of life is only one of many VC-backed beverage startups able to disrupt Coke and Pepsi
2. New examine of unicorn founders finds most are ‘underdogs,’ and feminine founders are rising
3. Fb snooped on customers’ Snapchat visitors in secret venture, paperwork reveal
4. Nvidia might be primed to be the following AWS
5. New Summit is elevating a brand new $100 million fund to again local weather tech and underrepresented fund managers